Can I retire at age 59 with 3,100,000?

Use the below retirement simulation to view the chances of a successful retirement.
Confused? Try the simple retirement calculator
About Your Retirement ?
Current Age
Retirement Age
Current Savings $
Annual Deposits $
Annual Withdrawals $
Stock market crash:
Portfolio ?
% in Stocks:
% in Bonds:
% in Cash:
Modify Stock Returns:
0%
Modify Bond Returns:
0%
Modify Cash Returns:
0%
Modify Inflation:
0%
How much money do I need to retire?

This retirement calculator runs simulations based on past data from the S&P 500, 10 Year Treasury Bond, 3 month T-Bill, and US inflation. For each year of each simulation, a random return and inflation amount is chosen.

How to use: Enter your current age and the age when you retire. Then enter your current savings, the amount that you can save annually before you retire, and the amount that you plan to withdraw after retirement. Your annual deposits and withdrawals take inflation into account. For example, if you need $50,000 to live on in retirement using today's dollars, we will automatically take into account the cost of living for your retirement years. The same is true for your annual deposits. Next, decide if you'd like to simulate a stock market crash.

In the portfolio section, choose the makeup of your portfolio with stocks, bonds, and cash. Cash assumes that your money is stored in a savings account. You can then alter the future returns and inflation. For example, if the market has historically returned about 10%, but you think the future will be worse, modify the stock returns by -3%, and the future returns will average out to 7%. Investment fees can also lower stock market returns. Many index funds and ETFs offer extremely low fees and expenses.

Many people receive income in retirement, such as social security, pension plans, part time jobs, annuities, and other benefits. This would allow you to take out smaller distributions every year. Please note that taxes must also be considered, but are not used in this simulation. A 401k, Roth IRA, and Traditional IRA are taxed differently than a standard investment account, as are dividends.

Note: This assumes that the future is at least somewhat like the past. In reality, anything could happen. The Soviet Union collapsed, Japan's Nikkei Index is still well below its 1989 peak. Numerous other markets have changed drastically and never recovered. However, this online tool is helpful in retirement planning and estimating how much you might need for retirement, especially those hoping to retire early. We recommend receiving advice from a financial planner.

Want to retire with $3,100,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%19.3%
1 years$255,995$253,715$251,490$249,319$247,198$237,955
2 years$126,730$124,370$122,083$119,865$117,714$108,506
3 years$83,648$81,277$78,996$76,799$74,682$65,801
4 years$62,110$59,747$57,489$55,329$53,264$44,777
5 years$49,192$46,843$44,613$42,498$40,490$32,420
6 years$40,582$38,251$36,054$33,986$32,039$24,390
7 years$34,434$32,123$29,961$27,942$26,056$18,826
8 years$29,826$27,535$25,410$23,440$21,616$14,799
9 years$26,243$23,974$21,885$19,965$18,204$11,790
10 years$23,379$21,132$19,080$17,210$15,511$9,489
11 years$21,037$18,813$16,798$14,978$13,340$7,697
12 years$19,087$16,885$14,908$13,138$11,560$6,281
13 years$17,438$15,259$13,319$11,599$10,080$5,151
14 years$16,026$13,870$11,967$10,296$8,836$4,241
15 years$14,803$12,671$10,805$9,182$7,780$3,502
16 years$13,734$11,625$9,796$8,222$6,876$2,900
17 years$12,792$10,706$8,914$7,387$6,097$2,406
18 years$11,956$9,893$8,137$6,657$5,421$2,000
19 years$11,208$9,169$7,449$6,015$4,832$1,665
20 years$10,536$8,520$6,837$5,448$4,316$1,387
21 years$9,929$7,936$6,288$4,945$3,862$1,157
22 years$9,377$7,408$5,796$4,496$3,462$966
23 years$8,875$6,929$5,351$4,094$3,108$807
24 years$8,415$6,492$4,949$3,734$2,793$675
25 years$7,992$6,092$4,584$3,410$2,514$564
26 years$7,603$5,726$4,251$3,118$2,264$472
27 years$7,243$5,389$3,948$2,854$2,041$395
28 years$6,909$5,078$3,670$2,615$1,842$331
29 years$6,599$4,790$3,415$2,398$1,663$277
30 years$6,310$4,524$3,181$2,201$1,503$232
31 years$6,041$4,276$2,966$2,021$1,359$194
32 years$5,788$4,046$2,767$1,858$1,229$163
33 years$5,552$3,832$2,584$1,708$1,112$136
34 years$5,329$3,632$2,414$1,572$1,007$114
35 years$5,120$3,445$2,257$1,447$912$96
36 years$4,924$3,270$2,111$1,333$826$80
37 years$4,738$3,105$1,976$1,228$749$67
38 years$4,562$2,951$1,850$1,132$679$56
39 years$4,396$2,806$1,734$1,043$616$47
40 years$4,238$2,670$1,625$962$559$40
41 years$4,089$2,542$1,524$888$507$33
42 years$3,947$2,420$1,429$819$460$28
43 years$3,812$2,306$1,341$756$417$23
44 years$3,683$2,198$1,259$698$379$20
45 years$3,561$2,096$1,182$645$344$16
46 years$3,444$2,000$1,110$596$312$14
47 years$3,333$1,908$1,043$550$283$11
48 years$3,226$1,822$980$509$257$10
49 years$3,124$1,740$921$470$234$8
50 years$3,027$1,662$866$435$212$7

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 59 starting with $3,100,000, adding $5,230 every year, while hoping to spend $46,942 every year in retirement. These numbers increase with inflation.
Reality usually performs much different than the expected returns. This uses historical averages, but anything can happen. In general, riskier investments have greater returns on average, but more volatility in the short term.
Age Total: 100% Stocks Total: 100% Bonds Total: 100% Cash Total: 42/47/11 Blend
58$3,100,000$3,100,000$3,100,000$3,100,000
59$3,421,595$3,257,295$3,209,245$3,554,063
60$3,720,651$3,366,956$3,266,809$3,756,938
61$4,048,639$3,480,418$3,324,727$3,971,377
62$4,408,458$3,597,816$3,382,964$4,202,530
63$4,803,304$3,719,293$3,441,477$4,451,942
64$5,236,699$3,844,996$3,500,224$4,721,308
65$5,712,518$3,975,077$3,559,157$5,012,494
66$6,235,034$4,109,695$3,618,228$5,327,549
67$6,808,951$4,249,013$3,677,382$5,668,726
68$7,439,453$4,393,204$3,736,564$6,038,502
69$8,132,250$4,542,444$3,795,712$6,439,600
70$8,893,633$4,696,917$3,854,761$6,875,015
71$9,730,531$4,856,813$3,913,643$7,348,042
72$10,650,580$5,022,331$3,972,284$7,862,304
73$11,662,191$5,193,678$4,030,608$8,421,786
74$12,774,632$5,371,065$4,088,531$9,030,874
75$13,998,113$5,554,716$4,145,965$9,694,394
76$15,343,883$5,744,860$4,202,818$10,417,655
77$16,824,339$5,941,738$4,258,992$11,206,501
78$18,453,135$6,145,597$4,314,382$12,067,364
79$20,245,319$6,356,695$4,368,878$13,007,323
80$22,217,469$6,575,301$4,422,363$14,034,170
81$24,387,854$6,801,693$4,474,715$15,156,484
82$26,776,600$7,036,161$4,525,803$16,383,709
83$29,405,885$7,279,005$4,575,489$17,726,242
84$32,300,147$7,530,538$4,623,630$19,195,532
85$35,486,312$7,791,084$4,670,071$20,804,183
86$38,994,049$8,060,981$4,714,652$22,566,077
87$42,856,052$8,340,579$4,757,202$24,496,499
88$47,108,344$8,630,242$4,797,544$26,612,282
89$51,790,621$8,930,349$4,835,487$28,931,963
90$56,946,622$9,241,295$4,870,834$31,475,960
91$62,624,547$9,563,487$4,903,376$34,266,758
92$68,877,505$9,897,352$4,932,893$37,329,124
93$75,764,020$10,243,332$4,959,155$40,690,338
94$83,348,581$10,601,887$4,981,918$44,380,447
95$91,702,252$10,973,495$5,000,927$48,432,549
96$100,903,338$11,358,653$5,015,915$52,883,102
97$111,038,131$11,757,879$5,026,600$57,772,269
98$122,201,715$12,171,710$5,032,687$63,144,290
99$134,498,873$12,600,707$5,033,865$69,047,904
100$148,045,067$13,045,450$5,029,808$75,536,803